The first ingredient is a named meat product, but this is not a meal ingredient, meaning that it is inclusive of water content (about 80%). Once that is removed, as it must be to create a dehydrated product, the ingredient will weigh around 20% of its wet weight. Ingredients are listed in order of weight, and the dehydrated ingredient would probably be more accurately placed much further down the ingredient list. This is a fish ingredient, but we find no guarantee on the manufacturers website that protein sources are ethoxyquin-free (ethoxyquin is a chemical preservative commonly added to fish destined for meal, and is believed to be carcinogenic).
The first true meat ingredient does not occur until 3rd on the ingredient list, making it extremely unlikely that this product contains any meaningful amount of meat.

The main grains in the food are fice and oatmeal, both of which are decent quality. Canola meal is a low quality ingredient though, being the ground remains of canola after the extraction of oil.

Animal fat is an ingredient of unidentified origin for which it is impossible to determine species, source or quality. Unidentified ingredients are usually very low quality. AAFCO define this asobtained from the tissues of mammals and/or poultry in the commercial processes of rendering or extracting. It consists predominantly of glyceride esters of fatty acids and contains no additions of free fatty acids. If an antioxidant is used, the common name or names must be indicated, followed by the words "used as a preservative". We would prefer to see the use of whole eggs rather than egg product in the food.

There is a small range of fruit/vegetable matter in the food. We note that this product includes synthetic vitamin K, a substance linked to liver problems and that is progressively being removed from better quality dog food products.